Tata Steel eyes infra projects in Thailand

Thailand plans to borrow $70 bn to finance four new high-speed train routes and extend mass transit lines in Bangkok

Tata Steel Thailand on Wednesday said it foresaw a high demand for its products due to the country's planned $70-billion investment in infrastructure projects. President Peeyush Gupta said if the ambitious infrastructure projects were approved, his company "will stand to gain as all these projects need steel and cement".

"We will have two and a half years worth of extra demand being created over a period of seven years," he said. Thailand plans to borrow 2.2 trillion baht ($70 billion) to finance four new high-speed train routes and extend mass transit lines in Bangkok.